Boston Private Wealth LLC raised its stake in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 17.2% during the third quarter, Holdings Channel reports. The firm owned 10,434 shares of the company’s stock after buying an additional 1,535 shares during the period. Boston Private Wealth LLC’s holdings in A. Schulman were worth $304,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SHLM. Emerald Acquisition Ltd. raised its stake in shares of A. Schulman by 37.4% in the third quarter. Emerald Acquisition Ltd. now owns 554,570 shares of the company’s stock valued at $16,149,000 after buying an additional 150,811 shares during the period. Channing Capital Management LLC raised its stake in shares of A. Schulman by 2.3% in the second quarter. Channing Capital Management LLC now owns 1,351,511 shares of the company’s stock valued at $33,004,000 after buying an additional 29,836 shares during the period. Bank of New York Mellon Corp raised its stake in shares of A. Schulman by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 573,163 shares of the company’s stock valued at $16,691,000 after buying an additional 44,043 shares during the period. Foundry Partners LLC raised its stake in shares of A. Schulman by 35.2% in the third quarter. Foundry Partners LLC now owns 175,692 shares of the company’s stock valued at $5,116,000 after buying an additional 45,699 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of A. Schulman during the third quarter valued at about $15,192,000. Institutional investors own 91.81% of the company’s stock.
A. Schulman, Inc. (NASDAQ:SHLM) traded up 0.90% during trading on Friday, hitting $33.60. 86,412 shares of the company’s stock were exchanged. The firm’s market cap is $986.60 million. A. Schulman, Inc. has a 12-month low of $19.58 and a 12-month high of $37.70. The company’s 50-day moving average price is $33.72 and its 200 day moving average price is $30.45.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Monday, January 9th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. A. Schulman had a positive return on equity of 17.93% and a negative net margin of 14.77%. The company earned $600 million during the quarter. During the same period in the prior year, the firm earned $0.50 EPS. A. Schulman’s quarterly revenue was down 7.6% on a year-over-year basis. Equities analysts forecast that A. Schulman, Inc. will post $2.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Investors of record on Sunday, January 15th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, January 11th. This represents a $0.82 annualized dividend and a dividend yield of 2.44%. A. Schulman’s dividend payout ratio is presently -6.53%.
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SHLM has been the subject of several recent research reports. Zacks Investment Research upgraded shares of A. Schulman from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Wednesday, January 18th. Northcoast Research lowered shares of A. Schulman from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. Seaport Global Securities lowered shares of A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Thursday, November 17th. Finally, TheStreet lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.33.
A. Schulman Company Profile
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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